Best Trading Platforms in India can be defined as those trading applications that perform well when it comes to overall user experience, speed, usability, number of features provided, charting ability and other related aspects.
In this detailed review, we have a compiled a list of best trading platforms, at mobile, web and terminal software levels, coming from full-service as well as discount stockbrokers with information on all the aspects mentioned above.
Hopefully, by the end of the review, you will be able to decide which of these trading platforms work the best for you and suits your investment requirements.
Best Trading Platforms in India Basics
Trading using Online Trading Platforms in India has now become a popular trend. Although a big chunk of traders still prefers to trade with the help of their stockbroking houses or local sub-brokers, off-late there has been a major shift towards self-help.
The new age traders want to handle things on their own with an eye blinking transaction speed & convenience, especially if you are a day trader where things move in microseconds.
To match up to that speed, trading companies are coming up with high speed, hyper-intelligent Online Trading Platforms both in desktop & mobile versions.
Let’s check out the top trading platforms offered by different types of stock brokers in India one by one:
Best Trading Platforms in India by Full-Service Brokers
Trade Racer is one of the prominent Online Trading platforms which provides you with Live streaming quotes & Research Calls, integrated fund transfer system along with multiple watch list facility.
Power-packed with new features, Trade Racer gives you the power to identify market opportunities while enjoying the attractive new look and feel of the trading terminal, unlike conventional trading platforms.
Here are the demo videos in English & Hindi of the trading platform from ICICI Direct:
Here are some of the top features of the trading platform:
1. Trend Scanner – Easily view all trending scrips in a single window
Trend Scanner is a tool based on pre-defined Technical parameters, which tracks Intra-day Price Movement for finding Trending Scrips.
Pivot: Based on Pivot levels
2. Live Scanner – Instantly identify stocks making new highs/lows
A live Scanner is a tool which tracks New Highs and New Lows for Stocks with Price Movement. It helps you to identify Scrips making :
New Day High/Low
New Weekly High/Low
New 1 Month High/Low
New 3 Month High/Low
New 1 Year High/Low
Some of the other features include:
User-friendly customization with the latest design
Easy accessibility using Icon Bar
Use multiple functions with Symbol Bar
Customisable Grid Layout
Personalized colour combination with trendy look and feel
India Info Line or IIFL is a holding company of the IIFL group. IIFL has a global presence with offices in London, New York, Geneva, Mumbai, Hong Kong, Dubai, Singapore and Mauritius. For Indian share trading users, IIFL offers a couple of online trading platforms – Trader terminal in Desktop as well as mobile versions.
The desktop version of Trader terminal comes with the following unique feature set:
Unique design for better speed & performance
Real-time market updates
Confirmed & Fast Order execution
Secured single sign-on authentication
Easy to use user interface
You can download the desktop version of Trader Terminal from here. Here is the demo video:
Trader Terminal (for Mobile):
The trader terminal mobile version has been a recent addition to the online trading platforms offered by IIFL and is loaded with the following features:
Trader terminal or TT Mobile is a robust Mobile platform that freely allows traders to trade on the move.
Users can Sign in through the secure login using their existing IIFL credentials.
The pages that follow on your screen have been specifically designed keeping in mind your convenience and time.
Users will get access to Market watch, Buy / Sell links and easy to view pages displaying the status of your orders and trades placed.
Motilal Oswal is a renowned name in Share broking Industry in India, primarily at the Institutional level. Motilal Oswal provides Online Trading Platforms for the web, mobile and smartwatch as well for Online Share trading.
Motilal Oswal’s Web Trading Platform is a cloud-based solution that allows you to trade online without downloading an executable file. Some of the key features of the web solution are:
1. Order form with Market Depth
Simple order form across asset classes with integrated market depth and advanced charts to help you get all the relevant data before placing an order.
2. Integrated Market Information
Users can get extensive market information like gainers/losers, most active stocks, top events, news and much more across asset classes integrated into this online share trading portal.
3. Advanced Intraday Trading Tools
Intraday Trading tools such as Option Writer, Trade Guide Signal, Portfolio Optimizer, Spread Trading etc. to help you make the right decision.
Some other features include:
One view access to all trading reports
Recommendations across asset classes
Multi-asset customized watch list
Mutual funds overview
Find the demo video here:
Motilal Oswal Smart Watch App
The Motilal Oswal smart watch App is a quick and convenient way for you to stay on top of all vital information associated with your investments while you are looking for Online share trading. This app provides notifications and alerts on the latest market statistics, positions/limits updates, real-time trading alerts when you’re on the move.
Some of its key features include:
Get instant notifications on all important market update
Know your portfolio’s net worth across asset classes
Check your margin in both cash & commodities segment
Know your mark to market & open positions
Get instant info on global indices, market top gainers & losers
The Android version can be downloaded from here while iOS from here. The smartwatch demo video is here:
Angel Eye is a desktop variation of online trading platforms from Angel Broking. Angel Broking has been updating the platform and has recently launched the latest version available here. Angel Eye comes with multiple features such as:
Manage & track your portfolio
Get automatic updates on your transactions
Trade in stocks, currency, commodities; invest in mutual funds
Get the latest market information with comprehensive research reports & charts
Manage your family’s wealth with the same login credentials
Here are some of the screenshots of the trading platform
Zerodha is a leading name in the Indian sharing trading ecosystem and works on a discount broking model. The broker offers multiple online trading platforms both for desktop & mobile users.
Kite comes up with minimalist, intuitive, responsive, light, yet powerful web and mobile online trading platforms.
This trading platform is multi-lingual and is available in languages such as English, Hindi, Kannada, Telugu, Tamil, Malayalam, Marathi, Bengali, Gujarati and Punjabi.
Kite comes with the following features:
Bandwidth consumption of fewer than 0.5 Kbps for a full market-watch, extensive charting with over 100 indicators and 6 chart types, advanced order types like Brackets and cover, millisecond order placements, and more.
Used by over 70,000 clients and serving over 5 million requests a day with no hiccups.
Over 100 indicators, 6 different chart types, 19 drawing tools, and pop out as many charts at a time.
Kite web can be accessed from here. Also, check out the demo video here:
Another addition to online trading platforms is Fyers’ web & mobile trading app. This trading platform comes with advanced charting options such as Candle charts, provides a 360-degree view of the market in one go and much more in both desktop and mobile app options.
Let’s talk about the mobile app first. The Mobile trading app from Fyers is one of the advanced online trading platforms. Here are some of its features:
An inbuilt Analytical tool providing relevant information on the go that helps you to make decisions right away.
“Stock screener” feature that helps you to screen stocks from different industries and indices.
A heavyweight app in terms of features but comes at a very lightweight on your mobile.
Real-time advanced charts with smooth access to all scripts in the stock market
Get all the important indicators for technical analysis of stocks, right away.
You can download the Android version of the app here. Some of the important aspects of the mobile app are:
Size: 14 MB
Latest version: 1.0.4
Similarly, Fyers also offers a Fyers’ Onewhich is an exceptional trading terminal offering unique value to fundamental investors as well as intra-day traders. It comes with loaded features such as:
Flexible work-spaces: 10 intuitive and uniquely styled customizable work-spaces. You also have watch lists set by sectors, indices, derivatives and user-defined settings.
Advanced EOD Reports: No number crunching after the market hours. Find all EOD reports and analysis at your fingertips.
Portfolio Simulation: helps track all your equity investments in one place and to build a simulated portfolio to learn without having to pay any tuition fees to the market.
Access to rich data: get the world market data on equity indices, commodities, currencies and ADRs.
It works pretty smoothly as well, here is the demo video for your reference:
Upstox Web is a discount broking trading platform from the house of this discount broker. It boosts to be one of the lightest & fastest online trading forms in the industry. Some of the top features include:
A simple intuitive user interface to help you get wherever you want to go quickly
Get real-time quotes which are based on advanced socket technology. This helps to increase or decrease the speed of updates based on your mobile’s internet connectivity
Receive instant notifications on price and trade alerts at all times.
Transfer money to 40 national banks instantaneously using the mobile app
Upstox works smoothly & consistently across the different variants of the software i.e. mobile, tablet and desktop.
These days every broker markets its broking platform as one of the best trading platforms in India with top speed and finest of accuracy. Which of these Online Trading Platforms you use or would like to use? Write your thoughts in the comments section below to help other fellow readers.
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